Bitcoin ETF Inflows Hit $2.65B in Five-Day Streak
- US spot Bitcoin ETFs drew about $347 million in net inflows on Wednesday, extending their positive streak to five trading days as Bitcoin traded near $84,000 after briefly rising above $87,000.
- Bitcoin traded near $84,000 on Sept. 24 after rejecting the $87,000 area, having previously broken out from a $60,000–$80,000 range where it met resistance around $86,700.
- Cumulative net inflows to Bitcoin ETFs reached about $2.65 billion over five days through Wednesday, while US spot Ether ETFs added around $105 million and Spot XRP ETFs contributed $18 million.
- Binance Bitcoin open interest fell from roughly $5.4 billion to $4.9 billion between Sept. 21 and Sept. 23 as leveraged traders reduced risk following Bitcoin's failed push toward $87,000.
- Rekt Capital said Bitcoin must remain above roughly $82,000 to maintain bullish momentum, warning that "a sustained move below $81,300" would challenge the current breakout reading.
21 Articles
21 Articles
Bitcoin ETFs add $347M as BTC falls below $84K after topping $87K
US spot Bitcoin ETF inflows slowed to $347 million on Wednesday as Bitcoin fell below $84,000, while five-day inflows reached $2.65 billion. US spot Bitcoin exchange-traded funds (ETFs) drew about $347 million in net inflows on Wednesday, extending their positive streak to five trading days even as Bitcoin fell below $84,000 after briefly trading above $87,000. The funds have drawn about $2.65 billion over the five sessions through Wednesday, ac…
Bitcoin investors have increased their buying volume in the past two months, buying more than 110,000 Bitcoins.
Spot Bitcoin and Ethereum ETFs traded in the US recorded a total net inflow of $451.61 million on September 23. Bitcoin ETFs saw $346.98 million inflow, while Ethereum ETFs received $104.63 million, with BlackRock funds being the top inflow recipients in both categories.
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